BUSINESS
01/26/2009 05:12 am ET Updated May 25, 2011

Manufacturers Cut Back On Natural Gas Heavily, Keeping Prices Cheap

Frigid temperatures and winter storms have blanketed the country from New Orleans to Chicago this month, weather that usually leads to a spike in the price of the most popular fuel for home heating, natural gas.

But not this year.

Natural-gas prices remain in a slump because manufacturers, which are even bigger users of gas than chilly homeowners, have cut back their operations in response to the recession. And low demand means low prices.

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